Technological Advances to Improve Security - What's Available
While we implement technology to improve efficiencies, stay competitive, and provide added convenience for our customers too often we rush to market with these new advances without going through the appropriate steps like ensuring the technology (product/service) is in alignment with the Boards overall strategic plan and objectives for the bank; without properly identifying the risks associated with the technology or the security and controls needed to mitigate those risks. In today's environment, you can't afford to have security be an after thought as criminals and hackers seem to be one step ahead and are fast at work developing tools and malware targeting the technology. So what types of technology are we talking about:
- Social media
- Mobile financial services/mobile cash
- Cloud computing
Risks associated with the technology:
- Malware and viruses
- Phishing, pharming, sniffing, skimming
Security and Controls to help mitigate:
- IT Strategic Planning
- Risk Assessments
- Logging, monitoring, alerting
- Using MSSP
Don't implement technology blindly. Be sure you go through the proper steps prior to implementation don't let security be an afterthought. You can be sure security isn't an afterthought with your examiners and auditors. Be proactive not reactive.
Join Susan Orr as she provides an overview of some of the latest technologies banks are implementing as well as the associated risks and the controls to mitigate those risks, and increase productivity.
Who Should Attend:
IT Officers, Information Security Officers, Risk Officers, Audit, and Compliance Officers.